Bitcoin Shows Signs of Volatility Post $100K Milestone
Bitcoin (BTC) rebounds to $97,000 after a volatile drop to $90,500, following its $100K milestone touched the previous day. The price surged past the six-figure mark, reaching a high of $104,088, then fell sharply but recovered to close above $96,900. As of now, BTC hovers around $97,800. The Relative Strength Index (RSI) on the daily chart reads 64, indicating weak bullish momentum. If BTC continues to decline, it could retest the $90,000 support level.
BTC/USDT daily chart
However, if BTC maintains its upward momentum, it could reach its new all-time high of $104,088.
Ethereum Bulls Eye the $4,000 Mark
Ethereum (ETH) maintains bullish momentum, holding above the weekly level of $3,454, suggesting a potential rally toward $4,000. The RSI indicator reads 70, indicating bullish momentum is gaining traction. If the $3,454 level holds, ETH could extend the rally to retest the psychologically important $4,000 level.
ETH/USDT daily chart
Conversely, if ETH declines below $3,454, it could face a pullback to $3,335.
Ripple Bulls Show Signs of Exhaustion
Ripple (XRP) surged over 18% earlier this week, reaching a six-year high of $2.90, but has since declined 17.6%. Currently trading around $2.31, XRP may retest the $1.96 support level if it continues to decline. The RSI stands at 72, indicating overbought conditions and suggesting an increasing risk of a correction.
XRP/USDT daily chart
However, if XRP recovers, it could target the $3.00 level again.
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